Quiet Period - News Flow to Pick Up Next WeekIMO this quiet period until the financing closing likely represents an incredible buying opportunity for those with cash to put to work. Anticipated closing next Wednesday after which I expect an increase in the news flow. Hard to believe you can buy this for less than a buck in the states right now. Time will tell, but my guess is the fundamentals of the project are just to appealing to avoid heavy interest from producers with the current POG. I know it is hard to watch it drift sideways and downward, but I still have strong conviction that patience will be rewarded. Would expect a bounce by EOM and then continued upward pressure as we move through the summer and into the fall.
Best, JM